REC Limited has announced the incorporation of its wholly-owned subsidiary, Zanskar Renewable Energy Limited. This new entity is established to develop a significant 140 MWp Solar + 400 MWh BESS Plant in the UT of Ladakh. The incorporation follows a directive from the Power Development and New & Renewable Energy Department, UT-Ladakh, positioning REC for further growth in the renewable energy infrastructure sector.
REC Limited Establishes New Subsidiary for Ladakh Project
REC Limited has formally incorporated a new wholly-owned subsidiary named Zanskar Renewable Energy Limited. This strategic move, effective from October 29, 2026, is aimed at undertaking the development of a substantial renewable energy project in the Union Territory of Ladakh.
Project Details and Strategic Importance
The newly incorporated subsidiary, Zanskar Renewable Energy Limited, will focus on developing a 140 MWp Solar + 400 MWh BESS (Battery Energy Storage System) Plant. This project is slated for development at Karsha Village, Zanskar District, UT of Ladakh. The initiative was spurred by a letter dated September 14, 2026, from the Power Development and New & Renewable Energy Department, UT-Ladakh, which allocated the project and nominated REC Power Development and Consultancy Limited (RECPDCL) as the Bid Process Coordinator (BPC).
Zanskar Renewable Energy Limited is a subsidiary of RECPDCL, which itself is a wholly-owned subsidiary of REC Limited. This structure ensures centralized control and strategic alignment for the project. Following the selection of a successful bidder through the Tariff Based Competitive Bidding (TBCB) process, the subsidiary, along with its assets and liabilities, is expected to be transferred to the chosen bidder. The company is currently in its nascent stage, with its business yet to commence operations.
Corporate Structure and Approvals
The incorporation of Zanskar Renewable Energy Limited aligns with REC Limited’s commitment to expanding its footprint in the renewable energy sector. The authorized and paid-up capital for the new subsidiary is set at ₹5,00,000/- each. The incorporation was executed as per the requirements outlined by the Power Development and New & Renewable Energy Department, UT-Ladakh.
The company operates within the Power Sector. The acquisition or transfer process is subject to regulatory approvals and competitive bidding. REC Limited, through its subsidiary RECPDCL, continues to play a crucial role in facilitating the development of renewable energy infrastructure across India.
Source: BSE
